Morgan Stanley (MS +2.4%) CFO Jonathan Pruzan says the bank feels "very good about the mid-single-digit guidance around loan growth and NII" even with changing U.S. interest-rate expectations and the flat yield curve.
Q1 results also showed its bond traders fared better than analysts expected amid tough markets and asset-management revenue rose.
Though investment-bank fees fell the most among Wall Street banks, Pruzan notes a turnaround in dealmaking during the quarter as evidenced by a health pipeline.
Previously: Morgan Stanley +2.4% as year's slow start beats consensus (April 17)
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